Knowledge Check $01$

A company is in its first month of operations. The company pays total salaries to its employees of $$600$ per day. For the first four weeks of January $(28$ days$),$ the company paid its employees $$16,800$ cash. For the final three days in January, employees eam $$1800$ in additional salaries that will not be paid until February $4.$ What adjusting entry would be made at the end of January? Post the adjusting entry for the scenario provided. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

Record the adjusting entry for salaries incurred but not yet paid during the month of January.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $31,,,],[,,,],[,,,],[,,,]]$

wledge Check $01$

ompany is in its first month of operations. The company performed $$2,000$ worth of services on January $28.$ The company expects receive payment on February $15.$ What adjusting entry would be made at the end of January? Post the adjusting entry for the enario provided. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

Record the adjusting entry for services provided on account during January.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $31,,,],[,,,],[,,,],[,,,]]$